TONGGUAN GOLD issues new shares to fully purchase engineering service providers, involving an investment of 286 million
TONGGUAN GOLD (00340.HK) announced the acquisition of 100% equity in Shaanxi Jinfeng Mining, an existing mining engineering and construction service provider, from five independent third parties for a total consideration of HKD 286 million, which will be paid through the issuance of 110 million consideration shares at an issue price of HKD 2.6, representing a discount of 5.45% compared to the last trading day (19th). Upon completion, the seller will hold a total of 2.07% of the company's equity
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